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20110801
20110831
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, evidence that the dot comes are alive and kicking. linkedin shares are rallying. >> bulls are carrying on, on wall street, as they react to the jobs report. >> jane king is live with the latest. hang on, jane. buckle in. >> no kidding. this has been crazy. we're up today. we have the job report coming out a bit better than expected last month. the numbers, in july, the u.s. created 117,000 jobs. we expected 85,000. so a little bit better than expected. jobless rate dropping, actually, to 9.1% from 9.2%. in california, currently stands at 11.8%. so that is much higher than the rest of the country. so let's see how the market is doing after that bloodbath that we had yesterday. a bit of a rebound here this morning. the dow is up 100 points. s&p and nasdaq all trading higher. the big question is this going to ease fears of recession and banking crisis in europe? the shares of mountain view based linked-in soaring. in their case, the job market, weak one is helping out the social networking company. they have sales from hiring surface tripled. the bad news for brocade communication, they lowe
linkedin, were off. one winner today, gold. a new record for gold futures today, topping $1,720 an ounce. all this selling, which has been going on for the better part of two weeks, has taken its toll, both on individual investors and on businesses. >> you're trying them all? >> yes. >> that's a lot of root beer. >> reporter: opening a business is always tough. opening one in this environment, well, we have plenty of good reasons why that's crazy. >> thanks. have a good day. >> reporter: but at rocket fizz, which sells all sorts of candy and pop, you'll remember from your youth, business is pretty sweet. >> a lot of people are willing to give up a lot of things. they give up buying a nice, expensive watch or the latest electronic device. but people are willing to say, i deserve a soda. i deserve a piece of chocolate or something like that. and it's not that much of an investment. >> you know what? you know the downfall of wall street? greed. >> reporter: across town, they're not giving up coffee, either. but they are concerned about the future of their money. >> we're going to be, you kn
or linkedin and watch it online. find out more about it on abc7news.com. >>> this morning, amber alert has been canceled but many questions remain after a 16-year-old boy reportedly kidnapped yesterday afternoon suddenly turned up free. abc7's amy hollyfield joins us live from the police department department. >> police are working this one. we ask the dispatcher to talk to the arresergeant for an update but they said the sergeant was busy. this is a picture of the boy that disappeared. 16-year-old hasan ford. they say he is safe but they haven't seen or talked with him but there is reason he has had contact with his family and he is okay. the amber alert was issued when owner of the barbershop was robbed with sawed-off shotgun. the 16-year-old works at the barbershop. the owner said he was ordered to the ground and did not want to be identified on television. >> at that point, when he figured out which key was mine after i told him which vehicle was mine, he got up and was leaving. at that point, hasan was coming in from theer rapid he was -- of theer rapid he was running for me. and he t
linkedin and find thousands of job if you're looking to work in tech. >> now we're seeing some of the seeds planted years ago come to fruition and real business models with real earnings and with that allows us to see is hiring. >> reporter: and how's this for a silicon valley surprise? construction otherwise taking a beating in california, putting boots on the ground along 101 in san jose. >> we're looking at funding going into infrastructure improvements which create jobs. >> reporter: lots of jobs thanks to a $156 million boost from the state that will fund multiple roadway projects. >> it's a lot of jobs for people on the projects. it's improving the roadways so people can get to jobs. it's a significant boost to the economy. >> reporter: california is trying to dig itself out of a pretty big hole these days, but there is some strength to grow on. >> and how tough are jobs to come by? the banking industry still shrinking. bank of america announcing 3,500 new job cuts today and, yes, as we said, there are jobs in tech, but arguably the biggest tech story of the week comes from a company
look is valley road and linkedin. here is a check on weather and the weather center. hawks >> we wanted to show you this shot. the bridge was socked in this morning. some pretty dense fog hanging on to the clothesline. by the afternoon, temperatures will be much cooler. a significant drop in those temperatures, 60s along the coast, '70s and '80s as a head to some of those inland locations. more on temperatures and a full look at your forecast coming up. we will be right back after this break. >> hurricane irene has strengthened to a category three with winds of 115 mi. per hour. we just get an update on the forecast from the national hurricane center. a major hurricane, a category 3 making its way through the bahamas. it is expected to stay a category three as a high of the storm brushes past the of our banks of the carolinas. tropical forest storm winds in washington d.c. and philadelphia. it will stare hurricane as it moves over the eastern half of long island. some very heavy rain and wind. the entire east coast is bracing for possible effects of hurricane irene. >> we have the lates
affordable option, the experts suggest linkedin. >> despite some somewhat positive job news that we got this morning dan kerman tells us that there are still a lot of unemployed people that are struggling to find work. >> at the state unemployment office in sunnyvale, they see about 200 to 300 job seekers each day. >> i have been out of work for a little over three years now. >> i am an electrician and not finding a lot out there right now it is tough to get a job. >> this is the equipment support engineer transitioning over to i t. >> everyone's about two to five years' experience and i did not have that but i do have the knowledge it--and i'm just looking for someone to give me a chance. >> on dreamworks and customer service. >> i have been looking for about two years and i think it does have to stay positive. >> those that run the center say that hiring is on the increase as an example at this center, they have a group of job seekers looking for technology jobs. they say within the last four months, 90 of them have found work which they say is definitely an increase over the
Search Results 0 to 5 of about 6

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